VOLUNTARY PROTECTION PRODUCTS
A Voluntary Protection Product (VPP) is any product or service offered to car buyers at the time of purchase that are sold above and beyond the actual vehicle, typically as a means of protecting certain components on the vehicle. Or, the VPP may be offered as a way to protect the loan the buyer is using for the purchase of the vehicle. Below are definitions of certain VPPs and some factors car buyers should consider before purchasing a VPP.
Here, AWARE has defined some common voluntary protection products and outlined some areas to consider for consumers.
Vehicle Service Contracts
The most popular and the most beneficial voluntary protection product for consumers, Vehicle Service Contracts protect consumers from repair expense outside of the factory warranty period.